CARLSBAD, Calif., April 29, 2013 /PRNewswire/ -- Exede® Internet by ViaSat (NASDAQ: VSAT) earned a 2013 Edison award from the internationally renowned Edison Universe organization, which recognizes systems and services that are at the forefront of innovation. Exede service is the recipient of a bronze award in the IT/Computing category. With download speeds of 12 Mbps, Exede service has transformed satellite Internet for households that previously had slow, inadequate Internet service.
The Edison Award is one of the highest accolades a company can receive in the name of innovation and business. The awards are named after Thomas Alva Edison (1847-1931) whose inventions, new product development methods, and innovation achievements literally changed the world, garnered him 1,093 U.S. patents, and made him a household name around the world.
"Our judges recognized Exede Internet as a true innovator out of the many products in its category," said Frank Bonafilia, executive director of the Edison awards.The award is the third major recognition the Exede service has received this year for innovation and performance. A February 2013 FCC benchmark report showed Exede Internet outperforming all other ISPs in delivering promised speeds to subscribers, with 90 percent of Exede subscribers receiving 140 percent or better of the advertised 12 Mbps speed during peak periods. In March, ViaSat-1, the satellite that powers the Exede service, was officially recognized with a Guinness World Records title as the World's Highest Capacity Communications Satellite. "The Edison award is especially meaningful to us because of Thomas Edison's legacy," said Mark Dankberg, chairman and CEO of ViaSat. "Edison's inventions were rooted in his ability to identify market needs years into the future, to challenge conventional thinking, and to work with enormous focus and passion. These values are also central to our ability to innovate." Dankberg and a team of scientists and engineers were able to envision and design a new high-capacity system for high-speed Internet service. Rather than just building a better satellite, they examined every "point of improvement" for an end-to-end system – encompassing satellite, subscriber terminals, RF equipment, gateway earth stations, software, back office and support, terrestrial backbone, and overall system architecture – to create speed, performance and economics well beyond what was ever believed possible.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts